Fox Hill Wealth Management Makes New Investment in The TJX Companies, Inc. $TJX

Fox Hill Wealth Management bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, HoldingsChannel.com reports. The fund bought 27,603 shares of the apparel and home fashions retailer’s stock, valued at approximately $4,182,000. TJX Companies comprises about 1.7% of Fox Hill Wealth Management’s holdings, making the stock its 16th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Swiss Life Asset Management Ltd boosted its holdings in shares of TJX Companies by 9.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after buying an additional 32,407 shares in the last quarter. Danske Bank A S purchased a new position in shares of TJX Companies in the 2nd quarter worth approximately $829,000. J.Safra Asset Management Corp raised its stake in shares of TJX Companies by 78.3% during the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after acquiring an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $2,559,000. Finally, Man Group plc purchased a new stake in TJX Companies during the second quarter valued at approximately $217,422,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.7%

NYSE:TJX opened at $135.16 on Friday. The TJX Companies, Inc. has a 12 month low of $133.55 and a 12 month high of $170.00. The firm has a fifty day simple moving average of $152.86 and a 200-day simple moving average of $156.07. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $149.31 billion, a P/E ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 5.2 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the sale, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TJX shares. Wells Fargo & Company lowered their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Sanford C. Bernstein reiterated an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a report on Tuesday. Weiss Ratings cut TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. upped their target price on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.84.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.